Mission
PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 31,485 CONSUMERS MONTHLY.
Executive compensation, broken down
Form 990 · Schedule J · 14 reported individuals · Filing year 2024
President/ceo
$421k
$447k
- Base
- $360k
- Bonus
- —
- Other
- —
- Benefits
- $61k
$216k
$229k
- Base
- $181k
- Bonus
- —
- Other
- —
- Benefits
- $35k
VP of Engineering
vice president
$210k
$223k
- Base
- $147k
- Bonus
- —
- Other
- —
- Benefits
- $63k
VP Corporate Compliance
vice president
$170k
$180k
- Base
- $145k
- Bonus
- —
- Other
- —
- Benefits
- $25k
Journeyman Lineman
highest compensated employee
$153k
$162k
- Base
- $133k
- Bonus
- —
- Other
- —
- Benefits
- $20k
Foreman Lineman
highest compensated employee
$147k
$156k
Director of Operations
$144k
$153k
Secretary/treasurer
officer (unspecified)
$20k
$21k
Director
board member
$12k
$12k
Director
board member
$12k
$12k
Director
board member
$11k
$12k
Vice Chairman
board vice chair
$11k
$11k
Chairman
board chair
$9k
$10k
Director
board member
$9k
$10k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo | $360k | — | — | $61k | $421k $447k |
CFO | $181k | — | — | $35k | $216k $229k |
VP of Engineering vice president | $147k | — | — | $63k | $210k $223k |
VP Corporate Compliance vice president | $145k | — | — | $25k | $170k $180k |
Journeyman Lineman highest compensated employee | $133k | — | — | $20k | $153k $162k |
Foreman Lineman highest compensated employee | — | — | — | — | $147k $156k |
Director of Operations | — | — | — | — | $144k $153k |
Secretary/treasurer officer (unspecified) | — | — | — | — | $20k $21k |
Director board member | — | — | — | — | $12k $12k |
Director board member | — | — | — | — | $12k $12k |
Director board member | — | — | — | — | $11k $12k |
Vice Chairman board vice chair | — | — | — | — | $11k $11k |
Chairman board chair | — | — | — | — | $9k $10k |
Director board member | — | — | — | — | $9k $10k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Up 5%
from 2023
From $402k in 2023 to $421k in 2024.
$402k
2023
$421k
2024
$402k
2023
$421k
2024
In today's dollarsEst.
Up 2% in real terms$439k to $447k
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend
Revenue and expenses over time
MEADE COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION reported revenue and expenses across 2 filing years.
RevenueExpenses
$74.6M
$74.6M
2023
$86.6M
$86.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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